Qorvo, Inc.'s (QRVO) CEO Bob Bruggeworth on Q1 2023 Results - Earnings Call Transcript

Qorvo, Inc. (NASDAQ:QRVO) Q1 2023 Earnings Conference Call August 3, 2022 5:00 PM ET

Company Participants

Douglas DeLieto – Vice President-Investor Relations

Bob Bruggeworth – President and Chief Executive Officer

Grant Brown – Interim Chief Financial Officer

Eric Creviston – Head-Connectivity & Sensors

Philip Chesley – Head-High Performance Analog

Conference Call Participants

Matt Ramsay – Cowen

Vivek Arya – Bank of America

Gary Mobley – Wells Fargo

Blayne Curtis – Barclays

Toshiya Hari – Goldman Sachs

Ambrish Srivastava – BMO

Raji Gill – Needham & Company

Harsh Kumar – Piper Sandler

Chris Rolland – Susquehanna

Harlan Sur – J.P. Morgan

Tim Arcuri – UBS

Srini Pajjuri – SMBC Nikko Securities

Brett Simpson – Arete Research

Vijay Rakesh – Mizuho

Atif Malik – Citi

Operator

Good day, everyone. And welcome to the Qorvo Inc. Q1 2023 Conference Call. As a reminder, today's conference is being recorded.

At this time, I would like to turn the conference over to Douglas DeLieto, Vice President of Investor Relations. Please go ahead, sir.

Douglas DeLieto

Thanks very much. Hello, everybody. And welcome to Qorvo’s fiscal 2023 first quarter earnings conference call. This call will include forward-looking statements that involve risk factors that could cause our actual results to differ materially from management's current expectations. We encourage you to review the Safe Harbor statements contained in the earnings release published today as well as the risk factors associated with our business in our annual report on Form 10-K, filed with the SEC because these risk factors may affect our operations and financial results.

In today's release and on today's call, we provide both GAAP and non-GAAP financial results. We provide this supplemental information to enable investors to perform additional comparisons of operating results and to analyze financial performance without the impact of certain noncash expenses or other items that may obscure trends in our underlying performance.

During our call, our comments and comparisons to income statement items will be based primarily on non-GAAP results. For a complete reconciliation of GAAP to non-GAAP financial measures, please refer to our earnings release issued earlier today available on our website at qorvo.com under Investors.

Joining us today are Bob Bruggeworth, President and CEO; Grant Brown, Interim CFO; as well as Eric Creviston; Philip Chesley and other members of Qorvo's management team.

And with that, I'll turn the call over to Bob.